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Long Term Forex Market Analysis


USDCAD Weekly Analysis - June 5, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 June 2016 09:45 UTC
No changed in our view, USDCAD remains in uptrend from 1.2460, the fall from 1.3188 would possibly be correction of the uptrend. Support levels are at 1.2750 and 1.2460, as long as these levels hold, the uptrend could be expected to resume, and another rise to 1.3600 area is still possible.

USDJPY Weekly Analysis - June 5, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 June 2016 09:45 UTC
USDJPY is facing 105.54 support, a breakdown below this level will indicate that the downtrend from 123.75 has resumed, then next target would be at 100.00 area. Key resistance is at 111.88, only break above this level could signal completion of the downtrend.

AUDUSD Weekly Analysis - June 5, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 June 2016 09:44 UTC
AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend. Range trading between 0.7144 and 0.7550 would likely be seen over the next several weeks. As long as 0.7550 resistance holds, the downtrend could be expected to resume, and another fall to test 0.682 ...

GBPUSD Weekly Analysis - June 5, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 June 2016 09:43 UTC
GBPUSD moved sideways in a trading range between 1.4332 and 1.4769. The price action in the range is likely consolidation of the uptrend from 1.3835, one more rise to 1.5000 area to complete to upward movement is possible. Key support is at 1.4332, only break below this level will indicate that the ...

EURUSD Weekly Analysis - June 5, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 June 2016 09:42 UTC
Being contained by the bottom of the upward price channel on daily chart, EURUSD rebounded from 1.1097, indicating that the pair remains in uptrend from 1.0517. Further rise could be expected in a couple of weeks, and next target would be at 1.2000 area. Key support is now at 1.1097, only break belo ...

USDCAD Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:29 UTC
USDCAD remains in uptrend from 1.2460, the fall from 1.3188 is likely consolidation of the uptrend. Further rise could be expected, and next target would be at 1.3600 area. Support level is at 1.2750, as long as this level holds, the uptrend will continue.

USDJPY Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:28 UTC
USDJPY is forming a sideways consolidation in a range between 105.54 and 111.88. As long as 111.88 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 123.75, one more fall to 100.00 area is still possible after consolidation. On the upside, a break of 111 ...

AUDUSD Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:28 UTC
AUDUSD's downward movement from 0.7834 extended to as low as 0.7144. Further decline is still possible after a minor consolidation, and next target would be at 0.7000 area. Near term resistance is at 0.7300, only break above this level will indicate that the downward movement is complete, then the f ...

GBPUSD Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:27 UTC
GBPUSD is testing 1.4769 resistance, a break of this level will signal resumption of the uptrend from 1.3835, then next target would be at 1.5000 area. Support is at 1.4332, a breakdown below this level will confirm that the uptrend from 1.3835 had completed at 1.4769 already, then the following dow ...

EURUSD Weekly Analysis - May 29, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 29 May 2016 10:26 UTC
EURUSD is facing the support of the price channel on daily chart. As long as the channel support holds, the fall from 1.1616 would possibly be consolidation of the uptrend from 1.0517, and one more rise to 1.2000 area to complete the upward movement is still possible. On the downside, a clear break ...

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